Inox Wind Ltd A multibagger in the making

Inox Wind Ltd (IWL) is one of India’s leading wind power solutions
provider, manufacturing wind turbine generators (WTGs) and providing
turnkey solutions by supplying WTGs and offering services including
wind resource assessment, site acquisition, infrastructure development,
erection, commissioning and O&M of wind power projects.

Came to market with an IPO at Price of 325 at a PE of about 53. Listed @400. Even though good top and bottomline growth due to High PE the stock price has not improved....

Now available at an attractive valuation. Angel Broking has given a strong buy :
https://web.angelbackoffice.com/res...rokingResearch_InoxWind_2QFY2016RU_271015.pdf

My Analysis goes as below



Do expect our experts opinion on this...